Tuesday 23 March 2010

AGL sells Surat gas pipe

Weekend Australian
Saturday 20/3/2010 Page: 27

AGL Energy has sold a gas pipeline in Queensland to APA Group for $82.6 million as it builds funds to spend on wind farm developments and power assets being privatised in NSW. The 112km, 40.5cm, Berwyndale-to-Wallumbilla pipeline was built to take gas from Surat Basin fields in the state's south, now owned by BG Group, to the Wallumbilla hub near Roma, central Queensland. AGL Energy and APA Group have also signed a 17-year agreement to use the pipeline.

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